Tag Archive for Retail

Hot Business News Today

Avon Available In UK Retail, The End Of Their Network Marketing Business?

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Avon cosmetics will soon be available to buy from the high street, as hundreds of the brands products are set to land in Superdrug stores this October.
Largely known as a door-to-door brochure company, the global beauty brand has partnered with the British health and beauty chain to bring 150 of its cult beauty and skincare products to store shelves for the first time.
From October 11, Avon products will land in 100 UK Superdrug stores, with 11 of them being in Scotland. Meanwhile, products will be available to buy via the Superdrug website from October 9.
Angela Cretu, CEO of Avon said:
“This is the perfect moment in the UK for a strategic alliance between Avon and Superdrug.”Avon is all about providing consumers with beauty products at an irresistible price.
However customers choose to shop with us, be it with the high-touch service of one of our beauty advisors or at Superdrug. We see this partnership as a further step in expanding our reach by becoming a “true omnichannel beauty company”.
Included in the product launch lineup will be the brand’s bestselling Anew Renewal Protinol Power Serum. The award-winning serum, which also featured in Grazia magazine, is powered by the brand’s protinol technology that

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Hot Business News Today

Government ‘should write off’ £1.7bn of Covid loan debt

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By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs

The government should write off £1.7bn worth of Covid loan debt if thousands of small businesses shopkeepers are not going to go to the wall.

Independent high street businesses now owe four times as much as they did a year ago, with firms owing a total of £1.7bn, said Bill Grimsey, ex-boss of supermarket chain Iceland and DIY chains Wickes and Focus DIY.

According to Grimsey, small shops have survived the pandemic by borrowing, but are now faced with the task of paying it back. He called for a government “forgiveness scheme” to write off taxpayer-backed loans for viable small businesses.

>See also: HMRC to go easy on small business strangled with Covid debt

Unless the government steps in, the UK could face a “tsunami” of shop closures this autumn, the veteran retail boss said.

Grimsey pointed out that France is working on ways to help its small businesses get out from under the mountain of Covid debt.

Former chancellor George Osborne has also said the government should just write off small business Covid-19 financial support, while the Federation of Small Businesses said Bounce Back Loan debt should be converted into

Read more...

Hot Business News Today

Government ‘should write off’ £1.7bn of Covid loan debt

by  •  • 0 Comments

By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs

The government should write off £1.7bn worth of Covid loan debt if thousands of small businesses shopkeepers are not going to go to the wall.

Independent high street businesses now owe four times as much as they did a year ago, with firms owing a total of £1.7bn, said Bill Grimsey, ex-boss of supermarket chain Iceland and DIY chains Wickes and Focus DIY.

According to Grimsey, small shops have survived the pandemic by borrowing, but are now faced with the task of paying it back. He called for a government “forgiveness scheme” to write off taxpayer-backed loans for viable small businesses.

>See also: HMRC to go easy on small business strangled with Covid debt

Unless the government steps in, the UK could face a “tsunami” of shop closures this autumn, the veteran retail boss said.

Grimsey pointed out that France is working on ways to help its small businesses get out from under the mountain of Covid debt.

Former chancellor George Osborne has also said the government should just write off small business Covid-19 financial support, while the Federation of Small Businesses said Bounce Back Loan debt should be converted into

Read more...